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The new China thing rule must be in play as well, I saw it briefly 100percent duty.
Gotta put MULN in an even worse place than it was before, what with idiot management.
Mullen is going to have to dilute the stock to the tune of at least $12.5 million a month over the next year…and as the price drops the number of shares needed to meet that $12.5 million is going to go up…it’s a vicious circle.
They don’t call it toxic death spiral financing for nothing.
If a tree falls in the forest with no one around, does it make a sound? Dogface scumbag Michery doing his usual thing with $MULN stock today. Hopefully the world has more believers now than it did a week ago. Down almost 14% on 2.8M volume!!!
They know as TK posted - Mullen sold one vehicle.
IG
I wonder if the sellers know something.
They have only sold ONE (1) Class 1 vehicle in the last six months.
There is no way their model works.
This is simply Round 2 of the Esousa Holding toxic financings.
Round 1 led to a >99.99% drop in the stock.
Round 2 will lead to a 99.9% drop at least. It will take about 12-18 months.
Holders through Round 1 have nothing left.
Those holding in Round 2 have obviously learned nothing.
As they say…”Fool me once, shame on you, fool me twice shame on me”.
Those people deserve what is coming…
In a word: 'shares.' Everybody gets shares: officers, employees, consultants. All laid out in the filings under 'share-based compensation' section. Pure madness TBH.
How does a company survive with the Mullen business model?
"To date, Mullen has delivered 121 Class 3 vehicles for a total of $7,623,000 invoiced.
Company focused and on track to deliver 150 vehicles by EOY 2023.
Vehicles delivered are part of Randy Marion’s 1,000 Class 3 purchase order.
BREA, Calif., December 26, 2023– via InvestorWire – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces 63 additional Class 3 vehicles have been delivered to Randy Marion Automotive Group (“RMA” or “Randy Marion”) with the Company invoicing RMA for $3,969,000.. To-date, The Company has delivered 121 Mullen THREEs to RMA for a total of $7,623,000. The Company is on track to deliver 150 Mullen THREEs by EOY 2023."
Mullen at the time of the. Press release had delivered RMA 121 Class 3 vehicles and only sold one.
fraud scam of the decade $muln
It was only good for pumping purposes anyway.
They basically wrote off almost all of their Bollinger investment.
Yup, those are some butt ugly financials
Did you see the first quarter revenue????
LMFAO….
They basically sold ONE (1) Class 1 vehicle in the first quarter.
Yes …O.N.E.
What a farce.
The 10Q is another unmitigated disaster.
The coming dilution is going to tank the stock.
They sold Jack shit in the first quarter….LMAO
C, some of us on this board aren't here to bash or take pot-shots at anyone who thinks possitively of Mullen. We've seen these $MULN games before from DM. One well-known member on this board lost over $100K last year. My unsolicited advise is that you should not try to invest (if that's what you're doing), but swing trade the crap out of this thing. If not for the $50M convertable note reported in Dec'23 that matured last month and has been dumping, this thing may have been at the $10 you mentioned. Dilution has been killing this stock since I got in almost 3 years ago and WILL continue to. The OS will triple in short order. Good luck to you, brother!
Hopefully folks on this board understand now why they saw all the PRs that they did in the past 2 weeks. DM is a master at manipulation through timely press releases and reshaping/spining bad news and horrible business moves into perceived good news! We endured years of this after being trapped in $MULN while him and the BoD made $Millions through compensation packages that were only approved by controlling the vote!!! FACTS!
Who remembers that Series AA share that represented a 1.3M voting value that he threatened to us if the vote for the first of 3 RS (1:25) May '23 wasn't 'YES?'
https://www.otcmarkets.com/filing/conv_pdf?id=16349331&guid=MrQ-kpVcRXrPB3h
$MULN---how long will the @SECGov and @DOJCrimDiv and @Nasdaq allow this EV hustle from career con artist crooks continue?
— michael (@mikeycolombia33) May 14, 2024
AULT and MISERY should be in prisonhttps://t.co/RBu6bs5T7a@HindenburgRes @NateHindenburg @GaryGensler @cvpayne @CNN @SenWarren
The first $250 million tanked the stock price 99.99%. The next $150 million should be at least 99.9%.
At some point he will have to disclose the conversion terms.
This is the Mullen if you are so excited about GM post on that board.
But the news today is played as Michery has been pumping loans for years.
From Michery - "Results from a comprehensive 6-month EV market exploration study and conceptual benchmark test indicate that the Mullen FIVE is conceptually highly competitive with the Tesla Model Y and Ford Mach-E. Results will support Mullen’s U.S. Department of Energy’s ATVM Loan Application for $450M."
That didn't workout very well.
But there is more:
"In January 2024, Mullen Automotive, Inc. (MULN) requested a $50 million loan from the U.S. Department of Energy's Advanced Technology Vehicles Manufacturing (ATVM) loan program to support its expansion into domestic battery manufacturing. The company also submitted a concept paper to the Department of Energy for $50 million in grant funding for its battery initiatives. The grant would support capital investment for plant equipment and tooling."
So Mullen has applied to the DOE for loans totaling $550 Million and received nothing.
Tesla received $457 Million in loans from the DOE under the ATVM program.
Michery issued a press release about - "an additional $50 million of senior secured convertible notes" - and there isn't any details on the terms of the conversion.
IG
2 career crooks yet the SEC and NASDAQ sleep
Once again a pumping press release void of any details about the terms of the loan agreement - the financials must really suck because of the Michery pumping.
Odd that Michery didn't file an 8-K but he can provide the details in the 10-Q - so we shall see.
Michery and the insiders manipulate the price after a pumping press release - doing wash trades and spoofing.
The shorts have made a fortune and moved on.
Post your proof of a short attack.
IG
the scam is on its deathbed
WOOHOOO! More toxic financing!!!
Oh, poor short… $10 in play
Mullen Announces $150 Million Financing Commitment
Who cares about MULN when GM@ Is going crazy, lol
From Michery - "Results from a comprehensive 6-month EV market exploration study and conceptual benchmark test indicate that the Mullen FIVE is conceptually highly competitive with the Tesla Model Y and Ford Mach-E. Results will support Mullen’s U.S. Department of Energy’s ATVM Loan Application for $450M."
That didn't workout very well.
But there is more:
"In January 2024, Mullen Automotive, Inc. (MULN) requested a $50 million loan from the U.S. Department of Energy's Advanced Technology Vehicles Manufacturing (ATVM) loan program to support its expansion into domestic battery manufacturing. The company also submitted a concept paper to the Department of Energy for $50 million in grant funding for its battery initiatives. The grant would support capital investment for plant equipment and tooling."
So Mullen has applied to the DOE for loans totaling $550 Million and received nothing.
IG
If you are going to throw out numbers without any facts you might as well have said $100.
"Will we hit 10$ next week? I think there is a good chance."
What is your reason for posting the pumping nonsense.
Michery issued a deluge of pumping press releases. Before the next Q is due on Wednesday 05/15/2024.
We will see the revenue then.
IG
Silver
You may be right that’s 5 cents a share pre split and FSRN is below that the question is are they both naked shorts
You're not very good at predicting, genius.
4.98 next week till next pumpathon
Will we hit 10$ next week? I think there is a good chance.
nice!! $muln is a scam...being manipulated as float is low after 3 reverse splits into oblivion.....still under pps of last R/S
More than likely the only way this thing stays above $6 by next Wednesday is if they announce some sort of purchase agreement. Those of us who have been here for a while have all shot that 'hopeium' of selling vehicles in our veins at some point in the past 2+ years and had a hell of a time in rehab after several lies and failures. Look at all the agreements to buy hundreds of Mullen vehicles that had us saying: "oh, it'll be different this time!" and NEVER happened. How are investors supposed to feel about that?
Mullen is just like Workhorse! When insiders finally decide to form a sustainable company after enriching themselves for years, it's too late. DM will use that same playbook for proping this thing up with share offerings, RS's and potential government subsidies but, like Workhorse, it will cost twice as much just to produce vehicles (which Mullen has yet to do), let alone sell them. Lordstown (RIDE) had a slow death! Workhorse (WKHS) is having a slow death. That scumbag of a CEO is no different!!! $MULN
Hopeium (colloquial, derogatory) - A clinging to unreasonable or unfounded hopes.
You apparently don’t know when you are being played.
But when the Q1 financials come out in a couple of weeks you will see that they didn’t book $33 million in revenue in the quarter let alone January. I would be surprised if it was over $750K…and not surprised if it was less than $500K.
You apparently haven’t been paying attention the last few weeks.
What “sales”? LMAO.
They can make ‘em…they just can’t sell ‘em.
They didn’t have $33.5 million in sales in January. I think the poster is referring to the “invoiced” or production quality.
The problem is they aren’t selling…there is no sales. They are sitting on RM storage lots.
Pretty sure most of us "doom and gloomers" have been here for over 2 years, or when the stock was at the current equivalent of $22,000 and change, per share....
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Moderators Wayne R SILVERSURFER4263 Huggy Bear Dragon Lady |
I.P.O.'D @ $13/ BIG TIME STORY/ #muln #stock #mullen $MULN NEW TRADING/MULN Stock:
The Biggest Short Squeeze in HISTORY or SELL it ALL? ??
1,111 viewsFeb 28, 2022
https://www.youtube.com/watch?v=73n0UiGxvDE&ab_channel=MoonMarket
E.V. PLATFORM;
MULN [NASD] |
Mullen Automotive, Inc. |
Consumer Cyclical | Auto Manufacturers | USA |
https://www.mullenusa.com/
Index | - | P/E | - | EPS (ttm) | -10.64 | Insider Own | 28.60% | Shs Outstand | 17.47M | Perf Week | -11.55% |
Market Cap | 21.60M | Forward P/E | 0.92 | EPS next Y | 0.75 | Insider Trans | -0.33% | Shs Float | - | Perf Month | -78.36% |
Income | -80.70M | PEG | - | EPS next Q | 0.16 | Inst Own | 3.30% | Short Float | - | Perf Quarter | -92.19% |
Sales | - | P/S | - | EPS this Y | -536.60% | Inst Trans | 46.73% | Short Ratio | 0.16 | Perf Half Y | -93.52% |
Book/sh | -0.60 | P/B | - | EPS next Y | 294.70% | ROA | -265.40% | Target Price | 23.00 | Perf Year | -93.31% |
Cash/sh | 0.00 | P/C | - | EPS next 5Y | - | ROE | 532.00% | 52W Range | 0.52 - 15.90 | Perf YTD | -86.85% |
Dividend | - | P/FCF | - | EPS past 5Y | 3.70% | ROI | - | 52W High | -88.42% | Beta | 2.55 |
Dividend % | - | Quick Ratio | 0.50 | Sales past 5Y | - | Gross Margin | - | 52W Low | 253.96% | ATR | 0.28 |
Employees | 44 | Current Ratio | 0.50 | Sales Q/Q | - | Oper. Margin | - | RSI (14) | 46.64 | Volatility | 27.83% 20.24% |
Optionable | Yes | Debt/Eq | - | EPS Q/Q | -431.40% | Profit Margin | - | Rel Volume | 88.85 | Prev Close | 0.69 |
Shortable | Yes | LT Debt/Eq | - | Earnings | - | Payout | - | Avg Volume | 6.99M | Price | 1.84 |
Recom | - | SMA20 | 7.64% | SMA50 | -47.36% | SMA200 | -78.15% | Volume | 492,790,936 | Change | 167.53% |
02-07-2021
PER IHUB MGMT
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